Yobit closed LCC deposits and CryptoBridge has three times lower price. Any idea when Yobit will open deposits and is CryptoBridge safe?
YoBit hasn't allowed deposits or withdrawals since the fork. They did quickly honor the LTC to LCC "forkdrop" on existing YoBit LTC wallets, but that amazing dream of selling all that wonderful newly minted LCC was exactly that - a dream.
I wonder if the Devs had a bunch of LTC parked on YoBit for exactly this purpose. Supposedly they have a large premine for development and I don't know if they can sell it for going YoBit prices. That would be quite the haul and worth the pretense of a legitimate seeming fork if they did arrange that!
Cryptobridge is fine
Thanks for your answer. Yeah its kinda dream at the moment. You have some free coins to sell but you can't. Will wait until they open it(if they will at all...). The only option is now Cryprobridge to sell at lower price
That is why CryptoBridge's price is so low everyone is unloading there. The price is not bad around the one dollar mark. No one can complain they are free.
Coins from the fork are free, those that are mined are not. So the low price is only "good" if it's giving miners a decent profit.
Good point...however, (as I have no sha-256 miners so bare with me) I can't see with the amount of coins LCC is gonna kick out.. 10x total of LTC....it making enough for a 'legit' say a
Bitmain S9, and as the future difficulty rises in the future, to matter pointing worth poining equipment to the LCC coin.....the price, (again...not a slam here, just my observer IMHO) Also,
is that not enough exchanges yet, to get the 'real' price of this LCC and see, IMHO, so I think the price may be as much as 5x too high.....again IMHO.
So very unsure if LCC, if it has 'legs' or not...or just gonna 'pump an dump' and perhaps make the devs a bit of coin on the pre-mine.....
so from the bleachers here, the 'jury' is still out...
As I do have, supposedly, 4,400 LCC as of the fork, I'd 'LIKE' LCC to have some 'legs' but w/o ASIC mining of this coin working, again not a slam, IMHO...I just don't see
how that boat can float...
I plan on "hodl'ing" the LCC for a year and a day, simply because I realize the 'true limits' of my 'cluelessness' on forks. My first post on Bitcoin Cash (BCH) was that it would
peak at 12c ...thus, I have plenty of $$$ 'supposedly' on BCH, BCD, BCG, etc and now LCC.....so will let it ride 1 year and 1 day to keep the IRS and state/local tax folk happy
....but I don't expect ANY of the paper profits above to pan out.....I suspect all forks will $$$$ fall out of the air to rent/reside on my 'whatever flavor BTC or LTC' block address
...seems 'iffy' as hell, so I will ignore all forks, till after 1 year and 1 day...and then 'freak out' about whether to sell or not after that point in time....to keep my CPA happy....
but, back to the main point
I just don't see any fork of any flavor of any coin as working without it at least being equivalent if not more so to mine than the main coin it forks off of...now a case can be
made that BCH has hit that mark with bitmain and others....mining wise....sorta...but as to LCC vs Litecoin or just mining BCT or BCH with sha-256 on this fork...well...it
seems a long shot..which means my 4,400 LCC is also a long shot...so ..except for 'what if' posts (guesses) like this post......I've little or no control on how this plays out...
so will watch from the sidelines....I'd likely be 'more' conflicted ..if I had something that made sense to 'mine' LCC...but probably better off without the angst/drama
But again, I hope it works for the miners...then it works quite well for my 'forked' LCC hoard...so a win/win...but just not seeing it as likely, hopefully, that is likely yet...
Again, not a slam on LCC per say..but "if wishes were horses, we'd all take a ride'